Community First Bank Mortgage Lending & HMDA Data, 2011
In 2011, Community First Bank of Hunt Valley, MD reported 280 mortgage applications totaling $51.0 million. The average application was for $182,110, and applicants reported an average income of $63,242. 72% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (18), Hartford-West Hartford-East Hartford, CT (15) and Washington-Arlington-Alexandria, DC-VA-MD-WV (14) (applications in parentheses).
| Mortgage Company & Address | Community First Bank 11426 York Road Hunt Valley, MD 21030 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 280 |
| Total Mortgage Loan Application Amount | $50,991,000 |
| Average Mortgage Loan Application Amount | $182,110 |
| Highest Mortgage Loan Application Amount | $711,000 |
| Average Applicant Income | $63,242 |
| Highest Applicant Income | $380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community First Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Community First Bank in 2011
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 192 | $35,701,000 | $185,000 | $711,000 | $61,000 | $356,000 |
| Home Purchase | 68 | $12,112,000 | $178,000 | $421,000 | $72,000 | $380,000 |
| Home Improvement | 20 | $3,178,000 | $158,000 | $417,000 | $55,000 | $281,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 208 | $39,447,000 | $189,000 | $711,000 | $66,000 | $380,000 |
| Black or African American | 40 | $5,247,000 | $131,000 | $421,000 | $53,000 | $291,000 |
| Hispanic | 14 | $2,534,000 | $181,000 | $320,000 | $51,000 | $123,000 |
| Not Provided | 10 | $1,661,000 | $166,000 | $352,000 | $30,000 | $115,000 |
| Asian | 8 | $2,102,000 | $262,000 | $581,000 | $110,000 | $179,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 198 | $33,595,000 | $169,000 | $605,000 | $44,000 | $346,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 81 | $16,781,000 | $207,000 | $711,000 | $110,000 | $380,000 |
| VA-guaranteed (Veterans Administration) | 1 | $615,000 | $615,000 | $615,000 | $100,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 201 | $38,194,000 | $190,000 | $711,000 | $75,000 | $380,000 |
| Application Denied By Financial Institution | 53 | $8,037,000 | $151,000 | $615,000 | $32,000 | $291,000 |
| Application Approved But Not Accepted | 20 | $3,675,000 | $183,000 | $416,000 | $54,000 | $204,000 |
| Application Withdrawn By Applicant | 6 | $1,085,000 | $180,000 | $423,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 36 | $4,852,000 | $134,000 | $349,000 | $29,000 | $291,000 |
| Other | 7 | $1,141,000 | $163,000 | $333,000 | $26,000 | $89,000 |
| Credit History | 3 | $487,000 | $162,000 | $182,000 | $50,000 | $78,000 |
| Debt-To-Income Ratio | 3 | $943,000 | $314,000 | $615,000 | $69,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $314,000 | $157,000 | $189,000 | $0 | $0 |
| Unverifiable Information | 1 | $117,000 | $117,000 | $117,000 | $59,000 | $59,000 |
| Employment History | 1 | $183,000 | $183,000 | $183,000 | $45,000 | $45,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community First Bank's 2011 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Community First Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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